Ampco-Pittsburgh Corporation Announces Appointment of Michael G. McAuley as Chief Financial Officer and Treasurer
25 April 2016 - 11:13PM
Business Wire
Ampco-Pittsburgh Corporation (NYSE: AP) today announced the
appointment of Michael G. McAuley as Chief Financial Officer (CFO)
and Treasurer, effective April 25, 2016.
Mr. McAuley brings over 27 years of extensive financial
experience and leadership to his role at Ampco-Pittsburgh, most
recently serving as Senior Vice President and CFO at RTI
International Metals (RTI), a manufacturer of titanium products
primarily for the aerospace and defense, oil and gas, and medical
device markets.
Before joining RTI, Mr. McAuley held positions of increasing
responsibility in corporate and divisional financial management at
both Goodrich Corporation, an aerospace and defense company, and
Air Products and Chemicals, Inc., a worldwide supplier of
industrial gases and equipment, specialty chemicals, and
environmental and energy systems.
“We are very pleased to have Mike join our executive team,” said
Rose Hoover, President of Ampco-Pittsburgh. “Mike is an experienced
and talented CFO with a substantial background in operations-based
public companies and international manufacturing.”
John Stanik, Chief Executive Officer of Ampco-Pittsburgh, said,
“As Ampco-Pittsburgh begins to execute its strategic plan to grow,
diversify, and expand globally, we want to increase our senior
capability in our global financial organization. Mike’s track
record demonstrates an ability to create value and growth for
companies where he has been an integral part of the leadership
team. We look forward to Mike’s expertise and contributions to
enhance our global finance organization.”
Mr. McAuley earned a Master of Science in Management from Purdue
University, Krannert Graduate School of Management, and a
bachelor’s degree in Economics from Allegheny College.
He is a Certified Management Accountant (CMA) and is a member of
the Institute of Management Accountants.
Ms. Marliss D. Johnson, former CFO and Treasurer of
Ampco-Pittsburgh, will remain with the company as part of its
global finance team. Mr. McAuley and Ms. Johnson will continue to
stress accuracy, strong internal controls, and analytical service
to the Corporation to allow for proficient strategic plan execution
and seizing profitable future opportunities for Ampco-Pittsburgh
Corporation and its shareholders.
About Ampco-Pittsburgh Corporation
Ampco-Pittsburgh Corporation, through its operating
subsidiaries, is a leading producer of forged and cast rolls for
the worldwide steel and aluminum industries as well as ingot and
open die forged products for the oil and gas, aluminum, and plastic
extrusion industries. It is also a producer of air and liquid
processing equipment, primarily custom-engineered finned tube heat
exchange coils, large custom air handling systems and centrifugal
pumps. Ampco-Pittsburgh Corporation operates manufacturing
facilities in the United States, United Kingdom, Sweden,
Slovenia, and China. Sales offices are located in North and South
America, Asia, Europe, and the Middle East. Corporate headquarters
is located in Carnegie, Pennsylvania.
Certain statements in this press release are "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995 and may include, but are not limited to,
statements about sales levels, restructuring, profitability and
anticipated synergies, expenses and cash outflows. All
forward-looking statements involve risks and uncertainties. All
statements contained herein that are not clearly historical in
nature are forward-looking, and words such as "believe,"
"anticipate," "expect," "estimate," "may," "will," "should,"
"continue," "plans," "intends," "likely," or other similar words or
phrases are generally intended to identify forward-looking
statements. Any forward-looking statement contained herein, in
other press releases, written statements or documents filed with
the Securities and Exchange Commission, or in Ampco-Pittsburgh
Corporation communications with and discussions with investors and
analysts in the normal course of business through meetings, phone
calls and conference calls, regarding expectations with respect to
sales, earnings, cash flows, operating efficiencies, product
introduction or expansion, the benefits of acquisitions and
divestitures or other matters as well as financings and repurchases
of debt or equity securities, are subject to known and unknown
risks, uncertainties and contingencies. Many of these risks,
uncertainties and contingencies are beyond our control, and may
cause actual results, performance or achievements to differ
materially from anticipated results, performance or achievements.
Factors that might affect such forward-looking statements, include,
among other things general economic and business conditions, demand
for Ampco-Pittsburgh’s goods and services, competitive conditions,
interest rate and foreign currency rate fluctuations, availability
of key raw materials and unfavorable resolution of claims against
the Corporation, as well as those discussed more fully elsewhere in
this release and in documents filed with the Securities and
Exchange Commission by Ampco-Pittsburgh, particularly our latest
annual report on Form 10-K and subsequent filings. Any
forward-looking statements in this release speak only as of the
date of this release, and we undertake no obligation to update any
forward-looking statement to reflect events or circumstances after
that date or to reflect the occurrence of unanticipated events.
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version on businesswire.com: http://www.businesswire.com/news/home/20160425006546/en/
Ampco-Pittsburgh CorporationMelanie L. Sprowson, Director,
Investor Relations, 412-429-2454msprowson@ampcopgh.com
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